TradingMarkets 7 ETFs You Need to Know for Thursday
Energy stocks, which had led the markets higher in recent days, reversed to the downside on Wednesday. Downgrades to regional banks by Credit Suisse also put pressure on exchange-traded funds linked to the financial sector. Emerging markets were also among those ETFs met with aggressive selling.
Here are 7 ETFs You Need to Know for Thursday.
We have been tracking the rally in the Energy Select Sector SPDRS, XLE
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Downgrades of regional banks by Credit Suisse encouraged selling in the sector. This meant lower prices for the SPDR KBW Regional Banking ETF, KRE
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Emerging market ETFs, on which many traders and investors are pinning their hopes, began to break down from increasingly overbought conditions on Wednesday. The iShares MSCI Emerging Markets Index ETF, EEM
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Concerns that PC makers will dramatically decrease production in 2009 encouraged traders and investors to move out of semiconductor stocks. This was good news for the ProShares UltraShort Semiconductor ETF, SSG
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Gold shares were no haven on Wednesday as the SPDR Gold Shares ETF, GLD
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Growing unemployment did little to boost confidence in owners of home building stocks, which were also sold aggressively on Wednesday. The SPDR Homebuilder ETF, XHB
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